What is a Milk Handler Surety Bond?
The Milk Handler Surety Bond is required by individuals and businesses engaged in the purchasing, handling, processing, sale and receiving of bulk, unprocessed or pasteurized milk products for manufacturing purposes. These license and permit surety bonds are necessary in order for milk handlers to legally purchase bulk product from producers, and guarantees prompt and full payment to applicable farmers and dairies. They ensure operation in accordance with all applicable laws and regulations.
The cost of a Milk Handler Surety Bond is dependent on regulations put in place by the Department of Food and Agriculture, as well as the milk handler’s annual demand for product.
What states require this Surety Bond?
Pacific Surety proudly offers Milk Handler Surety Bonds in the following states:
If you do not see your state listed, please contact us and our knowledgeable underwriters will assist you.
How much do Milk Handler Bonds cost?
Pricing for Milk Handler Surety Bonds varies, and your premium will be based on the following factors:
- Amount of the bond
- Term length of the bond
- Personal credit of the business owner
To find out how much your bond is going to cost, please complete our online application for your free, no obligation price quote.
Can I get this Surety Bond with bad credit?
Pacific Surety offers a wide range of approvals, regardless of credit, for Milk Handler Surety Bonds. With our strong surety relationships, we have the ability to approve 99% of applicants, regardless of how bad their credit is. Our knowledgeable underwriting staff will work with you to ensure you receive the lowest possible pricing for your bond. Applicants with substandard credit can expect to pay 5%-10% of the bond amount in premium. To see what rate you will qualify for, please complete our online application for your free, no obligation price quote.
How are Milk Handler Surety Bonds purchased?
The first step is to complete our quick online application for your free, no obligation bond quote. Submission takes only five minutes, and our underwriting staff will be in contact with you within a couple of hours with pricing. If you prefer to speak with our knowledgeable staff, please call 1-866-722-7873 and one of our Underwriters will assist you in applying for your bond.
After you receive approval, you must sign an indemnity agreement with the surety and provide payment for your bond premium. In most cases, we can issue bonds the same day we receive your signed documents and payment.